Kathrada Family Asks Zuma To Stay Away

President Jacob Zuma will abide by struggle stalwart Ahmed Kathrada’s family’s wishes not to attend his funeral on Wednesday. ”President Zuma will not attend the funeral and memorial service in compliance with the wishes of the family,” said a statement ahead of the funeral of one of the last Rivonia trialists, and one of Zuma’s fellow prisoners on Robben Island.

Source : https://goo.gl/7kUEYz

Capitec Sees Record Client Growth

Capitec announced on Tuesday that it achieved a record growth of 1.3 million new clients for the financial year to February 2017, with active clients totalling 8.6 million by year-end (February 2016: 7.3 million). The bank reported 18% growth in headline earnings to R3.8bn (2016: R3.2bn).

Source : https://goo.gl/5v2zAv

Zuma Postpones Cabinet Briefing

President Jacob Zuma has postponed the start of Wednesday’s Cabinet meeting “to later this afternoon” to enable members to attend the funeral of struggle stalwart Ahmed Kathrada, the Presidency said. Kathrada will be laid to rest today, 29 Mar 2017 at West Park Cemetery in Johannesburg.

Source : https://goo.gl/NH0z1y

UK Officially Starts Brexit Exit Process

UK Prime Minister Theresa May is to trigger Article 50 Wednesday, kick-starting the Brexit process that will see Britain leave the European Union in two years’ time. On Wednesday, at the same time across the channel in London, May will stand to deliver a statement to the House of Commons, confirming that the Brexit process has begun.

Source : https://goo.gl/QN9ILg

Ford CEO Recalled After Disastrous Tenure

Embattled Ford SA CEO Jeffery Nemeth‚ who was forced to announce the recall of 4,556 of its Kuga SUVs because of critical safety flaws in January‚ has been recalled to the US. His recall comes days after the Sunday Times reported that South African insurance giants‚ Auto & General and Dialdirect‚ were to take legal action against Ford in connection with fires which have destroyed several Ford EcoSport SUVs.

Source : https://goo.gl/bgoGPq

Tencent Buys 5% Of Tesla

Tesla Inc. won a vote of confidence from Chinese internet giant Tencent Holdings Ltd., whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about $1.8 billion for shares bought on the open market and from Tesla’s stock offering earlier this month, according to a regulatory filing.

Source : https://goo.gl/EcPzZj



Author: The Turk Report

Simplifying complex money matters

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